For sale · MLS® 1302626
1831 Portugal Cove Road
Portugal Cove, NL, A1M2X8
List price
$199,000
About this propertyMLS® 1302626
Welcome to 1831 Portugal Cove Road, located in the scenic coastal community of Portugal Cove - St. Philips. This two-storey home offers a fantastic opportunity for first-time buyers, investors, or anyone seeking an affordable property in a desirable location with town water and sewer services. The main floor features an eat-in kitchen and living room, along with an additional room currently being used for storage space, complete with its own convenient 3-piece ensuite bathroom with stand-up shower. Upstairs, you’ll find two bedrooms and a full 4-piece bathroom, providing a functional layout for everyday living. Currently tenant occupied, this property presents an excellent opportunity for short-term or long-term rental income potential in a sought-after area just minutes from the ocean and its breathtaking ocean views, hiking trails, Bell Island ferry service, and amenities. The owner had an approval from the Town of Portugal Cove/St. Philips in 2024 for the home to be operated as an AirBnB at that time, but since decided to rent long term. Recent upgrades completed in 2024 include modern PEX plumbing throughout and an electric hot water on-demand system, offering added efficiency and peace of mind for future owners. (id:56688)
Specifications
Property details
Room by room
Rooms
| Second level | Bedroom Bedroom Bath (# pieces 1-6) | 11.9 x 8.8 8.2 x 8.8 4PC |
| Main level | Living room Eat in kitchen Bath (# pieces 1-6) Bedroom | 11.9 x 11.9 9.2 x 15.1 3PC 10.4 x 8.2 |
The neighbourhood
Portugal Cove at a glance
Live market stats for Portugal Cove — what's for sale, what it costs, and how it compares to nearby towns.
Homes for sale here
16
Median list price
$114k
Price range
$35k – $1M
Typical build
1990
Average size
2,467 sqft
Where Portugal Cove listings are priced
Every active list price in Portugal Cove, grouped into bands.
List price, thousands of $ · 16 homes
View as table
| Price band ($) | Listings |
|---|---|
| <200 | 11 |
| 400–500 | 2 |
| 500–750 | 1 |
| 750–1M | 1 |
| 1M+ | 1 |
How Portugal Cove compares
Median list price against the next biggest markets — click a row for that area guide.
Portugal Covenearby markets
The essentials
Location, air, flood & taxes
Elevation
47 m above sea level
Air quality now
AQHI 1.82 · Low risk
St. John's station · updated 2:00 a.m.
Property tax
$993 / year
≈ $83 / month · assessment year 2026
Climate
Feb -1° · Jul 21°
normal daily high · ST JOHN'S A station · 1991–2020
Nearby & drive routes
4 places shown · 3 routes · OpenStreetMap · OSRM
- 21 min to downtown St. John's16.2 km
- 18 min to Memorial University14 km
- 8 min to Avalon Mall5.9 km
Groceries 3
Cafés 1
Plan ahead
Calculators & neighbourhood
Estimate payments and returns, and check how walkable this address is — all in one place.
Plan ahead
Mortgage & investment calculator
Estimated monthly payment
$83/mo
Principal & interest $0 + property tax $83 per month
Financing breakdown
Rental math
Investment calculator
Monthly cash flow
$-248
NOI / month
$-248
Cap rate
-1.50%
Gross yield
0.00%
| Line item | Monthly | Yearly |
|---|---|---|
| Gross rent | $0 | $0 |
| Mortgage | $0 | $0 |
| Property tax | $83 | $993 |
| Expenses | $166 | $1,992 |
| Vacancy | $0 | $0 |
| Management | $0 | $0 |
| Cash flow | $-248 | $-2,976 |
| NOI | $-248 | $-2,976 |
Flip rule of thumb: buy at ≤ 70% of ARV minus repair costs.
Get in touch
Have a question?
Send a message and Haris will get back to you — usually the same day.
Talk to Haris
A real person, every time
Buying, selling, or just curious about what your home is worth — no call centres, no runaround.
- Call or text416-873-4676
- Emailharis@barki.co
- Office17 Duffy Place, Suite 200, St. John's
Keller Williams Platinum Realty
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